Currency Exchange in The Bahamas
The currency of the The Bahamas is the Bahamian Dollar or BSD for short; a Bahamian Dollar is exactly equivalent to a United States Dollar. Because both of the nation's currencies are at par, it means that the majority of businesses in the Bahamas will accept American money as payment in addition to the Bahamian dollar. The Bahamian dollar took the place of the previous currency, the Bahamanian pound that had been used in the Bahamas in the year 1966. The Bahamas also ran a three dollar Bahamian bill and a fifty cent bill until 1974, and again ever since the year 1984, although these bills are seldom used. All of the other denominations are the same as their commonly used American counterparts.
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Individuals and businesses in the Bahamas and other parts of the world are guaranteed easy, prompt, and secure transactions with Currency Index. Placing an order is a simple process of calling, getting a quote, agreeing on the quote and the settlement, and transferring of the funds. Clearing is done on the same day or the next if payment arrives after 3:30 pm.
Margin
0.60%
Margin description
0.25% - 0.60% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£7 or £12 - No fee for transfers above £30,000
Min
No minimum
Currencies
Wide range of major and exotic currencies
Options
Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order
Moneycorp is a foreign exchange and international payments expert, securing the funds of expats in the Bahamas and in other expat destinations. This global currency firm makes sure that the investments they hold are put into profitable ventures.
Margin
0.6%
Margin description
0.25% - 1% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£0
Min
£1,000 or £250 Regular Payments
Currencies
76 Currencies
Options
Bank to bank - one off or regular payments